Aura Appoints New Sales & Marketing Vice President
EL SEGUNDO, Calif.--May 22, 2002--Aura Systems, Inc. (OTCBB:AURA) announced today the appointment of Craig B. Lipus as the Company's new Vice President of Sales and Marketing.The Board of Directors unanimously approved his appointment. Before coming to Aura, Mr. Lipus held senior sales and marketing positions at Polaroid Corp. and Interlink Electronics, Inc.
Joshua Hauser, President and CEO, said, "I am pleased to welcome Mr. Lipus to Aura Systems, Inc. We are fortunate to have someone of his skill and energy join our team. His extensive sales experience with proprietary technical products sold through multiple channels is directly applicable to the business model at Aura. I am confident that he will quickly become a key member of the professional management team that we are assembling at Aura."
About Aura Systems
Aura Systems Inc., a technology leader in mobile power, develops and sells AuraGen(R) Mobile Induction Power systems to the industrial, commercial and defense mobile power generation markets. The Company's unique and patented energy solution is the only proven, commercially available pure sine wave power system that can continuously provide thousands of watts of power at low engine speed, and is fully integrated under the vehicle hood. The AuraGen(R) is capable of generating full power up to 8500 watts at all engine speeds including enhanced engine idle speed for gasoline engines and at idle speed for bigger diesel engines. The AuraGen(R) combines sophisticated mechanical and electronics design, advanced engineering and break-through electromagnetic technology to produce a highly reliable and flexible mobile power generating system that creates alternating current (AC) and direct current (DC) electricity, both with and without the engine on. For more information about the Company's AuraGen(R) product visit the company's website at http://www.aurasystems.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks are described in the Company's Securities and Exchange Commission filings.